US ethanol production sets new all-time high

In Washington, according to EIA data as analyzed by the Renewable Fuels Association, US ethanol production averaged 1.054 million barrels per day — or 44.27 million gallons daily. That is up 5,000 b/d from the week before and a new all-time high. This marks the third straight week of record production. The four-week average for ethanol production stood at 1.044 million b/d for an annualized rate of 16.00 billion gallons. Stocks of ethanol stood at 21.1 million barrels. That is a significant 5.5% increase from last week, and a 26-week high. Gasoline demand for the week averaged 338.9 million gallons (8.069 million barrels) daily, the lowest in nearly three years (2/14/2014). Refiner/blender input of ethanol averaged 840,000 b/d, meaning gasoline contained an average of 10.41% ethanol—an all-time high.

Expressed as a percentage of daily gasoline demand, daily ethanol production was 13.06%—the largest percentage ever recorded.

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